Very, Very Best Money Saving Tips |
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Over at No Credit Needed (updated link), the blogger has come up with a great idea of summarizing some of the best money saving tips from all around. There's nothing like combining the knowledge of many people and taking the best 5% of that.
I read through them and was just shocked that the best money saving tip I ever heard was not included. Simply, pay yourself first. Set aside money from each paycheck to automatically deposit into a separate savings account, mutual fund, money market account, etc. The key is to have it in any account that you normally wouldn't pay attention to or have easy access to.
The idea is that if you don't see it, you won't spend it.
This post deals with: ... and focuses on:Frugal
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I totally agree. We started “Paying ourselves first” last year and went from saving 6 percent to 29 percent. Now each time we get a raise that percent is increased.
Anonymous, that’s a huge success story. Keep it going…
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[...] Lazy Man suggests that you pay yourself first. [...]
[...] Man’s suggestion that we pay ourselves first. I eagerly anticipate every paycheck so that I can allocate fund to whichever savings account is [...]